In 2007, the machinery industry maintained a good momentum of rapid growth. The industry has entered a period of rapid development. As of October 2007. The machinery industry has maintained a growth rate of over 18% for 58 consecutive months. It is expected that the growth rate of investment in fixed assets, which is closely related to the pace of industrial development, will remain high in 2008, and will be subject to heavy shifts in the context of global manufacturing transfer to China. The industrialization of China's machinery industry will develop rapidly over a relatively long period of time.
Look for superior companies under multiple pressures. The macro-control, the subprime crisis, and the appreciation of the renminbi have brought certain pressures on the internal and external demand of the machinery industry. The price increase of steel, energy, and other production factors has brought great challenges to the industry; the backwardness of technology has restricted the further development of the industry. development of. Only companies with core technologies, high value-added products, and high market share can effectively avoid these pressures.
Machine tools: China has become the world's largest machine tool consumer market for the fourth consecutive year, but its industry self-sufficiency rate and numerical control rate are low, and there is great room for development. The rapid development and collective promotion of the downstream industries have brought the machine tool industry to a highly prosperous cycle. The strong support of policies has also given the industry special advantages {to ensure the rapid development of the industry.
Construction Machinery: Pulled by strong domestic demand and rapid growth of exports. In 2007, the construction machinery industry grew rapidly. In view of the increasingly diversified funding sources of enterprises, the continued high growth in the central and western regions and overseas markets. It is expected that the construction machinery industry will maintain its momentum of rapid growth in 2008. The long-term good trend of construction machinery industry has not changed.
Shipbuilding: Since the year 2006, the NC rate of machine tools production in 2004 and 2005 was about 13%, which is far lower than the 75% in the same period in Japan, and about 60% in Germany and the United States. In 2005, the numerical control rate of CNC machine tools in China was 36.3%, which was far lower than the 88% in Japan in the same period, 89% in South Korea, and 75% in Germany and the United States. Cut off ~ October 2007. The numerical control rate of China's machine tools is less than 20%. This means that China's machine tool industry, especially CNC machine tools, has huge room for development.
As of October 2007. The machinery industry has maintained a growth rate of over 18% for 58 consecutive months, and the industry has entered a period of rapid development. But entering 2008. Machinery industry is faced with multiple pressures, macro-control, subprime debt crisis, RMB appreciation has brought certain pressure on the industry's internal and external demand, and the rising prices of production factors such as steel and energy have brought great challenges to the industry. Only those companies with high gross profit margin, high value-added products, and high market share can effectively avoid these pressures. The subprime crisis has triggered a slowdown in the United States and the global economy. The mechanical export demand will have a certain impact. Subordinated debt events negatively affected the spread from the financial sector to the real economy. Diffused from the United States to the world. The forecast of global economic growth is generally reduced: The U.S. government has lowered its forecast for its own economic growth in 2008 by 0.4%. The IMF's 2008 growth forecast for the world economy, developed countries, and developing countries was revised down by 0.4%, 0.6%, and 0.2%, respectively. The domestic macroeconomic regulation is expected to be strong. Tight monetary policy has an impact on both ends of supply and demand in the institutional sector. In addition, the appreciation of the renminbi has affected the prices of mechanical export products. Export-oriented machinery companies have a large exchange rate loss.
Look for superior companies under multiple pressures. The macro-control, the subprime crisis, and the appreciation of the renminbi have brought certain pressures on the internal and external demand of the machinery industry. The price increase of steel, energy, and other production factors has brought great challenges to the industry; the backwardness of technology has restricted the further development of the industry. development of. Only companies with core technologies, high value-added products, and high market share can effectively avoid these pressures.
Machine tools: China has become the world's largest machine tool consumer market for the fourth consecutive year, but its industry self-sufficiency rate and numerical control rate are low, and there is great room for development. The rapid development and collective promotion of the downstream industries have brought the machine tool industry to a highly prosperous cycle. The strong support of policies has also given the industry special advantages {to ensure the rapid development of the industry.
Construction Machinery: Pulled by strong domestic demand and rapid growth of exports. In 2007, the construction machinery industry grew rapidly. In view of the increasingly diversified funding sources of enterprises, the continued high growth in the central and western regions and overseas markets. It is expected that the construction machinery industry will maintain its momentum of rapid growth in 2008. The long-term good trend of construction machinery industry has not changed.
Shipbuilding: Since the year 2006, the NC rate of machine tools production in 2004 and 2005 was about 13%, which is far lower than the 75% in the same period in Japan, and about 60% in Germany and the United States. In 2005, the numerical control rate of CNC machine tools in China was 36.3%, which was far lower than the 88% in Japan in the same period, 89% in South Korea, and 75% in Germany and the United States. Cut off ~ October 2007. The numerical control rate of China's machine tools is less than 20%. This means that China's machine tool industry, especially CNC machine tools, has huge room for development.
As of October 2007. The machinery industry has maintained a growth rate of over 18% for 58 consecutive months, and the industry has entered a period of rapid development. But entering 2008. Machinery industry is faced with multiple pressures, macro-control, subprime debt crisis, RMB appreciation has brought certain pressure on the industry's internal and external demand, and the rising prices of production factors such as steel and energy have brought great challenges to the industry. Only those companies with high gross profit margin, high value-added products, and high market share can effectively avoid these pressures. The subprime crisis has triggered a slowdown in the United States and the global economy. The mechanical export demand will have a certain impact. Subordinated debt events negatively affected the spread from the financial sector to the real economy. Diffused from the United States to the world. The forecast of global economic growth is generally reduced: The U.S. government has lowered its forecast for its own economic growth in 2008 by 0.4%. The IMF's 2008 growth forecast for the world economy, developed countries, and developing countries was revised down by 0.4%, 0.6%, and 0.2%, respectively. The domestic macroeconomic regulation is expected to be strong. Tight monetary policy has an impact on both ends of supply and demand in the institutional sector. In addition, the appreciation of the renminbi has affected the prices of mechanical export products. Export-oriented machinery companies have a large exchange rate loss.
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